March, 2021

• 23 March

  US military must tackle domestic extremism

  Among the unsettling revelations about the January 6 attack on the US Capitol is the number of rioters who served in the military. Of the more than 300 people so far charged with crimes, at least 30 are veterans, and three are currently enlisted in either the Army Reserve or National Guard. The Pentagon believes some active-duty troops also participated ...

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• 23 March

  India’s rising virus cases risk denting economic recovery

  

  Bloomberg A surge in coronavirus cases in India could hurt the economy’s recovery from a rare recession, as curbs to avoid a new wave creates delays in putting millions who lost their jobs to the pandemic back to work. “There is a restless urgency in the air in India to resume high growth, and incoming data point to even contact-intensive ...

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• 23 March

  Ghosn accomplices charged with helping ex-chairman escape

  

  Bloomberg Japanese prosecutors on Monday formally charged two Americans with aiding in the escape of former Nissan Motor Co. Chairman Carlos Ghosn, who fled trial in Japan over a year ago. Michael Taylor, 60, and Peter Taylor, 28, helped Ghosn illegally leave Japan in December 2019, where he was facing charges of financial misconduct, prosecutors said in a statement on ...

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• 23 March

  Alipay rolls out investment advisory platform in China

  

  Bloomberg Ant Group Co. created an investment advisory platform on its Alipay app, allowing companies that offer robo adviser services to reach its 1 billion users. Five Chinese asset management companies debuted on the platform known as Tougu Guanjia, which means investment advisory manager. Users will be able to choose robo advisory services from the platform that functions like a ...

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• 23 March

  IPO mania fizzles in Hong Kong

  Bloomberg The days of the massive first-day pop in Hong Kong’s initial public offering (IPO)M frenzy may be nearing an end. Even as the pandemic spread for most of 2020, the offshore Chinese city’s IPOs and new listings were in hot demand from both institutional and mom-and-pop investors. With the bulk of new share sales posting large gains on their ...

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• 23 March

  South Korean early exports post double-digit gains on chips, cars

  

  Bloomberg South Korea’s exports are set for another monthly gain in March, adding to signs the global economic recovery is taking hold as vaccinations pick up. Exports rise 12.5% in the first 20 days of the month from a year earlier, the customs office reported on Monday, with chips and cars leading the gains. Average daily shipments increased 16.1% during ...

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• 23 March

  Asian shoppers snap up gold bangles to bars amid price slump

  

  Bloomberg Gold price’s slump to near a nine-month low is drawing jewelry shoppers in Asia to hunt for bargains. After a year of demand being in the doldrums, retailers are buying more of the precious metal to cater to people like Seema B, a 35-year-old housewife who ventured to Mumbai’s Zaveri Bazaar to get new bangles after months of putting ...

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• 23 March

  China confronted by show of Western unity at Kovrig’s trial

  

  Bloomberg More than 20 Western diplomats staged a public show of unity outside a Canadian’s high-profile spying trial, highlighting their shared concern about the risk of arbitrary detention in the country. Representatives from the US, the UK, the European Union and numerous European countries were turned away en masse while attempting to attend the trial of Michael Kovrig. The International ...

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• 23 March

  EU sanctions Chinese officials over Uyghurs human rights abuses

  

  Bloomberg The European Union (EU) signed off on a slate of punitive measures over human rights abuses including sanctions aimed at China. “The violations targeted include the large-scale arbitrary detentions of, in particular, Uyghurs in Xinjiang in China,” according to an EU statement on Monday. “The sanctions signal the EU’s strong determination to stand up for human rights and to ...

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• 23 March

  Myanmar junta expects Asian nations to keep investing after coup

  

  Bloomberg Myanmar’s military junta expects investments from Asian countries to continue despite growing condemnation over its coup last month and the violent suppression of ensuing pro-democracy protests. While the US and its partners are taking actions such as sanctions against the military, and some regional companies have scaled back operations, Asian neighbours largely have refrained from turning away from the ...

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